Netsmart Technologies, Inc. Announces Grant of Options to Newly-Hired Employees
November 04 2005 - 10:00AM
PR Newswire (US)
GREAT RIVER, N.Y., Nov. 4 /PRNewswire/ -- Netsmart Technologies,
Inc. (NASDAQ:NTST), a leading supplier of enterprise-wide software
solutions for health and human services providers, today announced
that, in connection with its acquisition of CMHC Systems, Inc. on
September 28, 2005, it has awarded, to various employees of CMHC
Systems that were hired by Netsmart or an affiliate, options to
purchase an aggregate 30,000 shares of its common stock at a price
of $14.77 per share, the closing price of its common stock on
November 3, 2005. All of the options have a ten year term and
become exercisable over a period of three years from the date of
grant. About Netsmart Technologies, Inc. Netsmart Technologies,
Inc., based in Great River, N.Y., is an established, leading
supplier of enterprise-wide software solutions for health and human
services providers, now with over 1250 clients, including 30
systems with state agencies. Netsmart's clients include health and
human services organizations, public health agencies, mental health
and substance abuse clinics, psychiatric hospitals, and managed
care organizations. Netsmart's products are full-featured
information systems that operate on a variety of operating systems,
hardware platforms, and mobile devices, and offer unlimited
scalability. DATASOURCE: Netsmart Technologies, Inc. CONTACT:
Anthony F. Grisanti of Netsmart Technologies, 1-800-421-7503, ; or
Stu Fine, Carpe DM, Inc., +1-908-490-0075, Web site:
http://www.netsmartech.com/
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